Fully Occupied Triplex With
1817 Everett St Alameda, CA 94501
1817 Everett St, Alameda, CA, 94501
$1,258,000
For Sale
$1,258,000
Triplex with three separately metered units, shared laundry, off-street parking for four, and private outdoor space for each unit.
Property Size3,000 SF
Price / SF$419.33
Days on Market107
Property Features for 1817 Everett St
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1880
Listing agency
Kite Hill Real Estate
(415) 795-2797
Listed by
Jatin Mehta · License #02045713
Source
Commercialcafe
Added: Apr 7 Updated: Jul 21 at 5:13PM Checked: Jul 21 at 5:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kite Hill Real Estate
Investment Insights
Based on property information with market context.
1813–1817 Everett Street presents a fully occupied triplex with three spacious units. The configuration includes two 3-bedroom units and one multi-level unit with 2+ bedrooms and 3 bathrooms, along with additional attic rooms currently used as bedrooms. All units are separately metered, with tenants paying their own utilities. A shared laundry room is provided, and one unit includes an in-unit setup. Off-street parking for four vehicles supports tenant convenience, and each unit offers private backyard or garden space, including an exceptionally large, deep backyard for Unit 1817.
The property is located one block off Park Street in Alameda, with convenient commuter access via the nearby Park Street Bridge. It is described as professionally managed and owned since 1997, with a history of long-term pride of ownership. Approximately $35,000 has recently been invested into Unit 1815, including new flooring, cabinetry, countertops, and appliances.
The triplex is currently 100% occupied and generates over $9,000 per month in gross income based on the provided information, with a unit mix across three separate meters.
The property is located one block off Park Street in Alameda, with convenient commuter access via the nearby Park Street Bridge. It is described as professionally managed and owned since 1997, with a history of long-term pride of ownership. Approximately $35,000 has recently been invested into Unit 1815, including new flooring, cabinetry, countertops, and appliances.
The triplex is currently 100% occupied and generates over $9,000 per month in gross income based on the provided information, with a unit mix across three separate meters.
Key Highlights
- Fully occupied 3‑unit triplex generating over $9,000/month in gross income
- Built in 1880; first time on the market in nearly 30 years
- Three spacious, separately metered units: two 3BD/1.5BA and 3BD/2BA plus a 2+BD/3BA three‑level unit with attic rooms used as bedrooms
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $153.0k | $51.00 |
| − Vacancy | −$9.1k | −$3.05 |
| EGI | $143.9k | $47.95 |
| − OpEx | −$43.2k | −$14.39 |
| NOI | $100.7k | $33.57 |
3,000 SF · lease $51.00/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.44M
$1.26M – $1.68M
NOI $100,695 @ 7.0% cap · market cap 8.00%
Second Best
Apartment 5plus
$620.8K
$543.2K – $724.3K
NOI $43,458 @ 7.0% cap · market cap 3.45%
Theoretical Best
Retail
$13.68M
$11.97M – $15.96M
NOI $957,379 @ 7.0% cap · market cap 76.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Triplex with three separately metered units, shared laundry, off-street parking for four, and private outdoor space for each unit.
Where is this triplex located?
The property is located at 1817 Everett St Alameda, CA.
What is the asking price?
The asking price for this property is $1,258,000.
What are key features of this property?
This property features: Fully occupied 3‑unit triplex generating over $9,000/month in gross income; Built in 1880; first time on the market in nearly 30 years; Three spacious, separately metered units: two 3BD/1.5BA and 3BD/2BA plus a 2+BD/3BA three‑level unit with attic rooms used as bedrooms
